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Growing cooperation between China and the Middle East opens huge investment chances

2018/1/19 18:13:25

China and the nations
of the Middle East are witnessing tighter trade relations, as the investments
in the Belt and Road Initiative are going on. This is a great time for
companies on both sides to invest in import and export to enjoy the increasing
economic value between the two regions.

China
is continuing to focus on its “Go West” strategy as part of the famous Belt and
Road Initiative by President Xi Jinping. A greater cooperation between China
and the Middle East is one of the key aspects of Beijing’s wider plan to
develop healthy economies and expand trade to achieve more wealth for the
nations along the trade routes, especially the Arabic countries in the Middle
East.

China’s
leaders have stated the vision for an enhanced relationship with the countries
of this region. Recently published papers about the relationship between China
and the Middle East reflect the Middle-East’s soaring importance in Beijing’s
eyes, and could very well be a harbinger of its future plans. As a fact, from
2004 to 2014, trade flows between the two parties have witnessed surges around
600%.

The
Belt and Road Initiative involves six key economic corridors in the path,
namely Central Asia, East Asia, Southeast Asia, the Middle East, North Africa
and Europe. Beijing’s gigantic economic development project goes beyond
exporting the countries huge production capacity. Besides significant trade
relation improvements, China is aiming to build selected industrial bases in
the Middle East and North African countries by using technical and production
expertise from the world’s second-largest economy.

In
a speech before the Arab League in Cairo on January 2016, Chinese President Xi
Jinping described his view of China’s role in the Middle East: “Instead of
looking for a proxy in the Middle East, we promote peace talks; instead of
seeking any sphere of influence, we call on all parties to join the circle of
friends for the Belt and Road Initiative; instead of attempting to fill the
“vacuum,” we build a cooperative partnership network for win-win outcomes.”

The
efforts by Beijing will inevitably connect western China to the Islamic
countries. It will mean developing a corridor through various projects
including railway systems, trade hubs, and logistic centres. There are also
plans to expand ports, enhancing the maritime trade.

Currently,
China’s relation with the Middle East is in a remarkable development. A look at
the numbers is revealing the investment volume and trade relationship the
nations are building up. In 2010, China’s trade with Arabian countries was
worth USD145 billion. By 2014, it had already grown by more than 72% to USD250
billion and it is still rising. According to official Customs data, China is
now the largest exporter to selected nations in the Middle East and North
Africa, while those nations in return account for about 40% of China’s oil
imports.

China’s
Belt and Road Project is an ambitious plan to rebuild the old trade routes that
ran westward from China through Central Asia and the Middle East into Africa
and Europe, known as the Silk Road. Beijing launched the giant project in 2014
with USD40 billion in investment, and it has been largely focused on developing
infrastructure and gas and oil pipelines throughout Central Asia.

Get import and export
data from China and the Middle East

Knowing
that the trade relation between China and the Middle East is continuing to
surge in the next years and decades, together with a developing infrastructure
and logistic, opens the potential for companies in these regions to get access
to new markets and get significant business growth.

However,
it is essential to know about the import and export situation of the targeted
countries in order to know in which commodities to invest and where are the
buyers and suppliers along my supply chain. This is where the analysis of
Customs data makes the difference and turns followers into market leaders.

Tranalysis is
providing detailed import and export analysis of China and the countries in the
Middle East, revealing the price and quantity of thousands of traded
commodities, as well as the buying and supplying companies of the commodities.
The trade reports showing exactly where the main demand and supply is coming
from, turning them into powerful investment guidelines and negotiation
leverages.